Both the Qatar sovereign wealth fund<\/a> and Type One Ventures led the round, with participation from Hungary-based IT company 4iG<\/a> and 1789 Capital<\/a>, where Donald Trump Jr.<\/a> is a partner. <\/p>\n CEO Jonathan Cirtain\u00a0told reporters on Thursday that Axiom Space, which is valued at more than $2.5 billion according to Pitchbook, plans to use the funding on spacesuit capabilities and modules one and two for its commercial space station.<\/p>\n “This financing reflects continued strong institutional and strategic investor conviction in Axiom Space’s leadership position,” said Cirtain, who took the helm<\/a> of the company in October. <\/p>\n The company’s latest funding round arrives during a critical time for space technology. More investors have flocked to the sector<\/a> as excitement builds into SpaceX<\/a>‘s potential mammoth IPO<\/a> later this year. <\/p>\n Efforts by President Donald Trump<\/a> to re-industrialize U.S. defense systems<\/a> and return U.S. astronauts to the moon for the first time in 50 years have also fueled enthusiasm. <\/p>\n Over the years, Axiom Space has worked closely with SpaceX to launch both private and government astronauts to the ISS, ahead of its 2030 retirement<\/a>. <\/p>\n Last month, NASA awarded the Houston-based company its fifth private astronaut mission<\/a>, slated to launch as soon as January 2027. <\/p>\n NASA is emerging from a messy transition period following Trump’s 2024 election victory during which the agency saw a leadership shakeup and faced dramatic workforce cuts.<\/p>\n Jared Isaacman<\/a>, an Elon Musk<\/a> ally, was finally appointed to lead the agency in December, more than a year after the president first nominated him<\/a> to the role. The president previously revoked his nomination for Isaacman due to concerns over his political affiliations.<\/p>\n In the interim, Transportation Secretary Sean Duffy<\/a> temporarily oversaw NASA. Duffy faced harsh criticism<\/a> from Musk in October after the transportation chief told news outlets that SpaceX was behind on its U.S. moon missions<\/a> and that NASA would consider other contracts. <\/p>\n NASA’s Artemis missions have also hit some snags. In 2024, the agency pushed back launches<\/a> for its 2026 and 2027 moon trips<\/a> due to safety and technical concerns. One of those problems included issues with the spacesuits. <\/p>\n Cirtain said Thursday that the company is “currently on schedule” to deliver its spacesuits to NASA by 2027.<\/p>\n “We’re taking a multifaceted approach to making sure that development is completed on time,” he said. <\/p>\n Axiom Space did not disclose the valuation at which it raised funds. <\/p>\n
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